Car Dealers are De-Frauding Lenders and Consumers: Breaking NY Times Story
From The New York Times: Loan Fraud Inquiry Focuses on Used-Car Dealers. Inflated income applications mean that some of the most vulnerable borrowers are saddled with auto loans they can never afford to repay. The Consumer’s Friend has found “credit kinking” to be pervasive in the NEW and USED car sales industry. The Hanson Law…